Public Employees Retirement System of Ohio bought a new stake in Solstice Advanced Mat (NASDAQ:SOLS - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm bought 45,360 shares of the company's stock, valued at approximately $4,019,000.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Manning & Napier Advisors LLC bought a new position in Solstice Advanced Mat in the second quarter valued at approximately $27,000. Global Trust Asset Management LLC bought a new stake in Solstice Advanced Mat during the first quarter worth $26,000. Compass Financial Management LLC bought a new stake in Solstice Advanced Mat during the second quarter worth $28,000. Princeton Global Asset Management LLC acquired a new stake in shares of Solstice Advanced Mat in the 1st quarter valued at $27,000. Finally, Philadelphia Investment Partners LLC acquired a new stake in shares of Solstice Advanced Mat in the 2nd quarter valued at $34,000.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently commented on SOLS shares. Wall Street Zen cut Solstice Advanced Mat from a "buy" rating to a "hold" rating in a report on Saturday, August 29th. Royal Bank Of Canada decreased their target price on Solstice Advanced Mat from $102.00 to $82.00 and set an "outperform" rating on the stock in a research report on Friday, July 31st. Vertical Research raised Solstice Advanced Mat from a "hold" rating to a "buy" rating and set a $79.00 target price for the company in a research note on Wednesday, July 22nd. Mizuho dropped their target price on shares of Solstice Advanced Mat from $95.00 to $70.00 and set a "neutral" rating for the company in a report on Wednesday, July 15th. Finally, UBS Group raised their price target on shares of Solstice Advanced Mat from $78.00 to $80.00 and gave the company a "buy" rating in a research note on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $79.11.
View Our Latest Research Report on SOLS
Solstice Advanced Mat Trading Up 0.6%
NASDAQ SOLS opened at $61.37 on Friday. The company has a quick ratio of 1.08, a current ratio of 1.46 and a debt-to-equity ratio of 1.30. The business has a 50 day moving average price of $63.04 and a 200-day moving average price of $74.04. Solstice Advanced Mat has a 52 week low of $40.43 and a 52 week high of $90.80. The company has a market cap of $9.75 billion and a price-to-earnings ratio of 34.67.
Solstice Advanced Mat (NASDAQ:SOLS - Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The company reported $0.88 earnings per share for the quarter, beating analysts' consensus estimates of $0.79 by $0.09. The company had revenue of $1.15 billion for the quarter. Solstice Advanced Mat had a net margin of 5.13% and a return on equity of 14.28%. Solstice Advanced Mat has set its FY 2026 guidance at 2.750-2.950 EPS. As a group, equities analysts expect that Solstice Advanced Mat will post 2.88 earnings per share for the current fiscal year.
Solstice Advanced Mat Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Thursday, August 27th will be issued a dividend of $0.075 per share. The ex-dividend date of this dividend is Thursday, August 27th. This represents a $0.30 dividend on an annualized basis and a yield of 0.5%. Solstice Advanced Mat's payout ratio is presently 16.95%.
Solstice Advanced Mat Profile
(
Free Report)
Solstice Advanced Materials is a leading global specialty materials company that advances science for smarter outcomes. Solstice offers high-performance solutions that enable critical industries and applications, including refrigerants, semiconductor manufacturing, data center cooling, nuclear power, protective fibers, healthcare packaging and more.
Further Reading
Want to see what other hedge funds are holding SOLS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Solstice Advanced Mat (NASDAQ:SOLS - Free Report).

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